Sanctuary Advisors LLC Increases Stock Holdings in Bitwise Bitcoin ETF $BITB

Sanctuary Advisors LLC boosted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 55.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,617 shares of the company’s stock after buying an additional 68,335 shares during the period. Sanctuary Advisors LLC owned approximately 0.27% of Bitwise Bitcoin ETF worth $7,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellerson Group Inc. ADV grew its stake in shares of Bitwise Bitcoin ETF by 18.3% during the first quarter. Ellerson Group Inc. ADV now owns 6,457 shares of the company’s stock worth $238,000 after acquiring an additional 1,000 shares during the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in shares of Bitwise Bitcoin ETF by 138.7% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 28,644 shares of the company’s stock valued at $1,054,000 after purchasing an additional 16,645 shares during the last quarter. Vantage Point Financial LLC raised its position in shares of Bitwise Bitcoin ETF by 7.9% in the 1st quarter. Vantage Point Financial LLC now owns 6,537 shares of the company’s stock valued at $241,000 after purchasing an additional 481 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Bitwise Bitcoin ETF in the 1st quarter valued at approximately $1,090,000. Finally, Fifth Third Bancorp acquired a new stake in Bitwise Bitcoin ETF in the 1st quarter worth approximately $168,000.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $34.82 on Friday. Bitwise Bitcoin ETF has a twelve month low of $31.49 and a twelve month high of $68.74. The company’s 50 day moving average is $36.59 and its two-hundred day moving average is $39.84.

Bitwise Bitcoin ETF Profile

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.